Electronic Communication Network

(redirected from Electronic Communications Networks)

Electronic Communication Network

A computer system that facilitates over-the-counter trading as well as exchange trading. The electronic communication network sends buy or sell orders to the appropriate specialist on the floor of a stock exchange, bypassing the floor broker. A company running an ECN charges a fee for its services.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The Council will review the draft directive aimed at ensuring a high level of security of electronic communications networks and information systems in the EU.
--establish and operate electronic communications networks, acquire the rights to use these networks or buy existing infrastructures and networks to be made available to operators or users of independent networks;
Level 3 offers direct connections to 15 financial exchanges, 15 electronic communications networks and seven market data centres.
Leuven, Belgium) offers critical comments on the new "significant market power" regime, as put into place by the 2003 European regulatory framework on electronic communications networks and services.
The rise of electronic communications networks (ECNs) has brought new competition and uncertainty to the securities markets.
It will allow NASD market makers and electronic communications networks to publish quotations for, and report trades in, listed securities.
In particular, the Commission doubts whether the new taxes are in line with EU rules on electronic communications networks and services.
"a service normally provided for remuneration which consists wholly or mainly in the conveyance of signals on electronic communications networks, including telecommunications services and transmission services in networks used for broadcasting, but exclude services providing, or exercising editorial control over, content transmitted using electronic communications networks and services; it does not include information society services, as defined in Article 1 of Directive 98/34/EC, which do not consist wholly or mainly in the conveyance of signals on electronic communications networks".
The proposals have been put forward due to the increasing amount of competition in the mobile market and the need to implement the new EC Directives on electronic communications networks. For fixed lines, Oftel states that the most current regulation should be adhered to in order to support competition.
Electronic communications networks (ECNs), however, represent an emerging band of competitors.

Full browser ?